A construction worker takes a water break in Folsom, California. Bloomberg
A construction worker takes a water break in Folsom, California. Bloomberg
A construction worker takes a water break in Folsom, California. Bloomberg
A construction worker takes a water break in Folsom, California. Bloomberg

Tens of millions in US under extreme heat advisories, with record temperatures expected


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Dangerously hot conditions will dominate the rest of the long Independence Day weekend across much of the US West Coast, south-east and Middle Atlantic seaboard, forecasters said on Friday, as California firefighters battled one of the first big wildfires of the season.

About 125 million were under heat alerts nationwide, with more than 100 million under excessive heat advisories for the weekend.

Record-breaking temperatures were forecast for many spots in California, southern Oregon and the south-west, the National Weather Service said, with Death Valley facing the possibility of approaching its hottest-ever temperature of 56.6°C, set in 1913.

Parts of the western part of the country were expected to reach about 43°C on Friday, with some of the highest temperatures to be found in Phoenix, Arizona – the hottest large US city – which could hit 46°C, and Palm Springs, California, where the mercury could reach 48°C.

“Confidence is increasing that this potentially historic heatwave will last several days,” the National Weather Service in Portland said on X, adding that the risk of heat-related illness will increase significantly.

The weather service urged people to stay hydrated, out of the sunlight and in buildings with sufficient air-conditioning.

Stifling heat will also prevail from Mississippi to Florida, and north along the East Coast to Pennsylvania, where temperatures will reach past 37°C.

The National Weather Service warned that hot overnight conditions across the Mississippi Valley could lead to “a dangerous situation for those without access to adequate cooling”.

Extreme heat is one of the leading weather-related killers in the US, leaving hundreds of people dead each year, according to the National Weather Service.

A 69-year-old man died due to heat-related issues in San Jose, California, this week, while a 10-year-old died in Arizona after experiencing a heat-related emergency while hiking with family.

Southern Texas faces a different sort of threat early next week when remnants of Hurricane Beryl are expected to dump heavy rains on the region.

Beryl, the first hurricane of the season, made landfall in Mexico on Friday after killing 11 people as it carved a path of destruction across the Caribbean earlier this week.

Wildfires

Hot, dry and windy conditions in the West were forcing fire officials and forecasters to issue warnings about the risk of wildfires.

Flames from the French Fire burn on a hillside above Mariposa, California. AP
Flames from the French Fire burn on a hillside above Mariposa, California. AP

The extreme heat, along with gusting winds and low humidity, means any fires that start are likely to spread quickly through already parched vegetation.

The so-called Thompson Fire in Butte County, California, about 105km north of Sacramento, has scorched almost 16km of scrub and brush since it started on Tuesday.

As of Friday morning, the fire was 46 per cent contained after forcing some 13,000 households to evacuate.

Fifty-nine wildfires have burnt almost 1,900 square kilometres acres in nine states, according to the National Interagency Fire Centre.

Twenty-one wildfires are being managed under full suppression strategies, with Alaska continuing to have the most activity, with 39 large fires.

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

TICKETS

Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.

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Cry Macho

Director: Clint Eastwood

Stars: Clint Eastwood, Dwight Yoakam

Rating:**

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ENadeera%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ERabih%20El%20Chaar%20and%20Reem%20Khattar%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ECleanTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20About%20%241%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EHope%20Ventures%2C%20Rasameel%20Investments%20and%20support%20from%20accelerator%20programmes%20%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A
Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

Hotel Silence
Auður Ava Ólafsdóttir
Pushkin Press

Updated: July 05, 2024, 6:26 PM